Amplifier and Comparator Market Analysis Report 2023-2030

Amplifier and Comparator Market Forecast to 2030 - Global Analysis by Type (Amplifier and Comparator), Application (Industrial Sector, Communications Sector, Computing Devices, Consumer Electronics Devices, Automotive, Military & Aerospace, and Others)

  • Report Code : TIPRE00016955
  • Category : Electronics and Semiconductor
  • Status : Published
  • No. of Pages : 167
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[Research Report] The amplifier and comparator market is expected to grow from US$ 12.41 billion in 2023 to US$ 19.03 billion by 2030; it is estimated to register a CAGR of 6.3% from 2023 to 2030.

 

Analyst Perspective:

The need for computing devices and the increase in the production of computing devices are a few major factors driving the amplifier and comparator market. With the growing need for computing devices and consumer electronics, various governments are takings steps to increase the production of consumer electronics. The Indian government established India as a worldwide hub for Electronics System Design and Manufacturing (ESDM) by fostering and advancing national skills for designing key components, such as chipsets, and fostering a climate allowing the sector to compete internationally. According to the Press Information Bureau (PIB), the Production Linked Incentive Scheme (PLI) for Large Scale Electronics Manufacturing launched in 2020 under the National Policy on Electronics 2019 offers incentives from 4% to 6% on incremental sales (over a base year) to eligible companies. Manufacturers of mobile phones and specified electronic components, including assembly, testing, marking, and packaging (ATMP) units, are the eligible scheme beneficiaries.

Asia Pacific Market Overview:

The amplifier and comparator market in APAC is segmented into South Korea, India, China, Japan, Australia, and the Rest of APAC. The region comprises various growing economies—India, China, Indonesia, and the Philippines. These countries are witnessing a gradual rise in the adoption of advanced technologies. Further, the availability of low labor costs, low taxes and duties, and a strong business ecosystem are luring global players in the electronic manufacturing industry to expand their manufacturing facilities in this region. In September 2021, Molex, one of the world's leading manufacturers of electronic, electrical, and fiber optic connectivity systems, announced it is expanding its existing manufacturing operations in Hanoi, Vietnam. With this strategic development, the company is expected to support the growing demand for its products across various applications, including smartphones, TVs, and home appliances. Thus, the growing manufacturing industry in APAC is anticipated to offer lucrative opportunities for the amplifier and comparator market in the coming years.

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Amplifier and Comparator Market: Strategic Insights

amplifier-and-comparator-market
Market Size Value inUS$ 12.41 billion in 2023
Market Size Value byUS$ 19.03 billion by 2030
Growth rateCAGR of 6.3% from 2023 to 2030
Forecast Period2023-2030
Base Year2023
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Market Driver:

Rising Adoption of Electronic Transportation to Drive Growth of Contraceptives Market

The electronic mode of transportation is perceived to benefit the environment and reduce fuel consumption. Many governments across the world have embraced the Electric Vehicles Initiative (EVI), a multi-government policy forum coordinated by the International Energy Agency (IEA) to accelerate the introduction and adoption of electric vehicles worldwide. According to the IEA, 16 countries are the current participants of this program: Canada, Chile, China, Finland, France, Germany, India, Japan, the Netherlands, New Zealand, Norway, Poland, Portugal, Sweden, the UK, and the US. An electric battery is a core component of the electric mode of transportation. In these batteries, the output of the comparator is used to alert a microcontroller regarding their discharged or low power status. Also, the amplifier is used in EV battery management, and the isolated amplifier offset determines the initial precision of the current sense. Thus, the large-scale application of amplifiers in batteries required for electronic transportation would bolster the consumption of amplifier and comparator in the future.

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Segmental Analysis:

Based on type, the amplifier and comparator market is segmented into amplifier ad comparators. The amplifier segment held the largest amplifier and comparator market share in 2022. Also, amplifiers segment is likely to be the fastest growing amplifier and comparator market segment during the forecast period. This is owing to the constant demand for PCB-based (printed circuit board) amplifiers for different electronic products used among various industries worldwide. For instance, the industries such as consumer electronics, military electronics, aerospace electronics, automotive electronics, and other industrial electronic products that includes PCBs inside the products. This is one of the major factors aiding the amplifier and comparator market growth for the amplifier segment.

Amplifiers are essential building components in sensing, communication, and control systems, as they magnify weak signals. The increasing demand for compact and low-power devices, the need for high-speed data communication, and an upsurge in the Internet of Things (IoT) applications are among the factors propelling the use of amplifiers. In December 2021, the Ministry of Communications, India, exempted the use of very-low-power radio frequency devices or equipment for inductive applications from licensing requirements. According to India Cellular and Electronics Associations (ICEA), the exemption of licensing for very-low-power devices would benefit the telecommunications, electronics, and allied sectors in the medium to long term by encouraging the use of these devices. Such initiatives by governments boost the demand for amplifiers and propel the amplifier and comparator market growth.

electronics-and-semiconductor
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Regional Analysis:

The amplifier and comparator market are segmented into five major regions—North America, Europe, Asia Pacific (APAC), the Middle East & Africa (MEA), and South America. In 2022, North America led the amplifier and comparator market with a substantial revenue share, followed by Europe. Further, Asia Pacific is expected to register the highest CAGR in the amplifier and comparator market from 2023 to 2030.

Asia Pacific accounted for the largest share in the global amplifier and comparator market. One of the major reasons behind the higher amplifier and comparator market share for the region is the presence of largest number of semiconductor fabricating foundries. Further the presence of countries such as Taiwan, China, Japan, and South Korea that are one of the largest bases for electronic products and component manufacturing is another major factor driving the growth of amplifier and comparator market across the region.

Moreover. the European region is likely to be the fastest growing region in the manufacturing and sales of amplifier and comparator market. This is mainly due to the increase in demand for setting up MEMS foundaries across the region wherein several companies along with government of different countries have been collaboratively working to establish a strong electronics and semiconductor manufacturing setup across the region. Moreover, the presence of a strong industrial and automotive sector is another major factor propelling the growth of amplifier and comparator market. This is also due to the growth in deployment of electronic components in the industrial manufacturing and automotive products.

Key Player Analysis:

The amplifier and comparator market analysis consists of the players such as Analog Devices Inc, Broadcom Inc, STMicroelectronics, Microchip Technology Inc, NXP Semiconductors, On Semiconductor, Renesas Electronics Corporation, Skyworks Solutions Inc, Texas Instruments Inc, and ABLIC Inc. Among the amplifier and comparator market players, Analog Devices Inc and Texas Instruments Inc are the top two players owing to the diversified product portfolio offered.

Recent Developments:

 

Inorganic and organic strategies such as mergers, acquisitions, new product launches, etc., are highly adopted by companies in the amplifier and comparator market. A few recent key amplifier and comparator market developments are listed below:

  • In 2023, Tata Consultancy Services and Renesas partnered plan to work together With the opening of a joint innovation center in Bengaluru and Hyderabad on software development, radio frequency, digital, and mixed-signal design for cutting-edge next-generation semiconductor solutions that will serve the needs of numerous industries.
  • In 2023, Renesas unveiled three new MCU groups designed for applications involving motor control. Devices from the RX and RA families are among the more than 35 new products that Renesas launched. With several MCU and MPU families, analog and power solutions, sensors, communications equipment, signal conditioners, and other devices, the new MCUs expanded the leading motor control range in the market.
  • In 2022, Hypex Electronics revealed the NCx500 OEM, the first of a new NCOREx family of modules, and announced an updated version of its well-known NCORE Class-D amplifier technology.
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type, and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, Taiwan, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


What will be the global market size for amplifier and comparator market by 2030?

The amplifier and comparator market is expected to reach US$ 19.03 billion by 2030.

Which are the key players holding the major market share of global amplifier and comparator market?

The key players, holding majority shares, in amplifier and comparator market includes Analog Devices Inc, Texas Instruments Inc, Renesas, STMicroelectronics NV, and NXP Semiconductors.

What is the incremental growth of the global amplifier and comparator market during the forecast period?

The incremental growth, expected to be recorded for the amplifier and comparator market during the forecast period, is US$ 6.61 billion.

What is the estimated global market size for the global amplifier and comparator market in 2023?

The global amplifier and comparator market was estimated to be US$ 12.41 billion in 2023 and is expected to grow at a CAGR of 6.3%, during the forecast period 2023 - 2030.

What are the future trends of the global amplifier and comparator market?

The amplifier is used in EV battery management, and the isolated amplifier offset determines the initial precision of the current sense. Thus, the large-scale application of amplifiers in batteries required for electronic transportation would bolster the consumption of amplifiers and comparators in the future.

What are the driving factors impacting the global amplifier and comparator market?

Optical amplifiers act as optical repeaters in long-distance, fiber-optic communications. Thus, the increasing demand for optical amplifiers with the rise in the implementation of various modern network types bolsters the amplifier and comparator market growth.

The List of Companies - Amplifier and Comparator Market 

  1. Analog Devices Inc
  2. Broadcom Inc
  3. STMicroelectronics
  4. Microchip Technology Inc
  5. NXP Semiconductors
  6. On Semiconductor
  7. Renesas Electronics Corporation
  8. Skyworks Solutions Inc
  9. Texas Instruments Inc
  10.  ABLIC Inc

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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